SED focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low- to moderate-income Detroit residents. Businesses can use these loans primarily for working capital, acquiring machinery and equipment, and inventory. Crowdfunding . Fund Development Coaching But it doesn’t have to be! This website does not constitute or contain an offer or solicitation of any kind and none should be inferred. DDF is now accepting applications for the MEDC COVID-19 Relief Fund. Crowdfunding . Providing financing, training, and consulting services to businesses owned by entrepreneurs of color that primarily hire people of color. about GuideStar Pro. We finance small businesses headquartered in the city of Detroit which have traditionally faced obstacles in obtaining financing, but have demonstrated growth potential. The fund is a new tool for Capital Impact’s long-time commitment to equitable development and inclusive growth in Detroit. Invest Detroit is strongly committed to doing its part to ensure equitable opportunity, voice, and partnership in every facet of our work and throughout Detroit. This means valuing and promoting diversity in our business practices and working with our partners and communities to combat systemic racism. Detroit Development Fund, a Community Development Finance Institution based in Detroit, received approval of a $1 million loan from the Michigan Strategic Fund to make micro and small business loans ranging from $5,000 to $250,000 to Michigan’s small businesses in Detroit, Highland Park, and Hamtramck, with an emphasis on businesses located in economically disadvantaged areas. Ioby. In this short case study, learn how and why the Kresge Social Investment Practice made an investment in Detroit Development Fund. Help us get you more of the nonprofit information you need, including: An email has been sent to the address you provided. Detroit, MI, United States ; www.detroitdevelopmentfund.com + Contact Info (313) 784-9547; About; Contact; Back to Top ; Fast-track your prospect research with a Professional plan upgrade. This profile for Detroit Development Fund is located in Detroit, MI. Detroit Driven; Detroit Innovation; Early Education Matters; Equitable Development; Good Food; Michigan Nightlight; Nonprofit Journal Project; On the Ground; Parnters in the Arts; Powering the Mitten; Resilient Neighborhoods; State of Health; STEM Hub; Stories of Change; Voices of Youth This website is for informational purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy any services or security which may be referenced herein. "DDF helped us to avoid looking for investors and helped us stay afloat in the process.". Navigate the map below to understand development opportunities across Detroit. Our mission is to improve the quality of life in underserved Detroit neighborhoods and for Detroit residents. Officers, directors, trustees, and key employees, Analyze a variety of pre-calculated financial metrics, Access beautifully interactive analysis and comparison tools, Compare nonprofit financials to similar organizations, Revenue and expense data for the current fiscal year, CEO, Board Chair, and Board of Directors information, *with the ability to download the data for 2019, 2018, 2017, 2016, 2015. The Affordable Housing Leverage Fund (AHLF) is a partnership between Detroit Local Initiatives Support Corporation (LISC), the City of Detroit Housing & Revitalization Department (HRD), and the Michigan State Housing Development Authority (MSHDA) to provide affordable housing developers and owners with streamlined access to financial tools that are specifically designed to address housing challenges in … Detroit Development Fund industry is listed as Business Services. About. Ioby utilizes a crowd-funding platform to connect community centered business owners with funding and support. to get more GuideStar Nonprofit Profile data today! The products and services we offer Small Business Loans Recommendations Received (17) Dwight non Crank. This organization has no recorded board members. Already have a GuideStar Account? Please check your inbox in order to proceed. Copyright © 2011- Detroit Community Loan Fund (DCLF) is a Community Development Financial Institution (CDFI) and low-profit limited liability company (L3C), created by Detroit Development Fund and Invest Detroit. All material is the property of the City of Detroit and may only be used with permission. Detroit Development Fund. The Detroit Community Development Mini-Grant Fund Presented in partnership with Community Development Advocates of Detroit (CDAD), with support from J.P. Morgan Chase, this fund is designed to support the crucial work of Detroit community development and neighborhood organizations. About the Detroit Development Fund DDF was established in 1996 with a mission to "improve the quality of life for residents in underserved Detroit neighborhoods." About the Detroit Development Fund DDF was established in 1996 with a mission to “improve the quality of life for residents in underserved Detroit neighborhoods.” A 501(c)(3) and certified as a CDFI, DDF provides term loans and lines of credit to small businesses, small contractors, and for-profit and nonprofit affordable housing developers. Co.act Detroit and CDAD Award $50,000 in Grants to 11 Detroit-area Nonprofits DETROIT — Co.act Detroit and Community Development Advocates of Detroit (CDAD) are proud to announce the recipients of the Detroit Community Development Mini-grant Fund, a $50,000 fund designed to support the crucial work of Detroit-based community development and neighborhood organizations. Save. Information taken from third-party sources is believed to be accurate, however no representation or warranty, expressed or otherwise, is made to, and no reliance should be placed on, the fairness, accuracy, completeness or timeliness of the information contained herein. This organization is required to file an IRS Form 990 or 990-EZ. Back to Top. and who do the programs serve? As of 2019 they had $1.7 million in revenue and $22 million in assets. The community development financial institution assists in revitalizing economically distressed areas of Detroit by providing loans and technical assistance to small-business owners, developers, building owners and contractors. Register now. Detroit Development Fund, a community development finance institution based in Detroit, received approval of a $1 million loan from MSF to make micro and small business loans ranging from $5,000 to $250,000 to small businesses in Detroit, Highland Park, and Hamtramck, with emphasis on businesses located in economically disadvantaged areas. Detroit Development Fund . detroit development fund Detroit Development Fund’s mission is to improve the quality of life in underserved Detroit neighborhoods and for Detroit residents. All material is the property of the City of Detroit and may only be used with permission. Because the Fund stays aligned with local revitalization strategies, in 2014 it moved forward with providing start-up and neighborhood business financing in an effort to provide smaller companies the proper business technical assistance to get started and/or to scale their company for growth, with a continued goal of creating additional jobs for Detroit residents and more viable neighborhood communities. 102 Detroit Development Fund jobs available on Indeed.com. Shorebank Eneterprise, Detroit promotes the economic development of low- to moderate income residents in the city of Detroit. The Organization's small business loan fund provides growth capital in the form of business loans to Detroit companies not able to obtain the necessary financing needed from traditional financing sources.Over the last few years, the target market has seen an influx of young, entrepreneurs moving into its neighborhoods bringing forth creative synergies and increased demand for housing and local businesses. Detroit Development Fund (DDF) is a Community Development Finance Institution that provides financing to small business owners, devel-opers, building owners, contractors, and home purchasers who cannot raise the capital they need from traditional financing sources. For information about the City of Detroit's Web site, email the Web Editor. (Don't see an email in your inbox? A GuideStar Pro report containing the following information is available for this organization: This information is only available for subscribers and in Premium reports. Read some of our success stories or apply for a loan. The people, governance practices, and partners that make the organization tick. All material is the property of the City of Detroit and may only be used with permission. Ioby. Detroit Philanthropy offers affordable, private coaching services that allow development professionals an opportunity to garner advice, safely discuss challenges, brainstorm new ideas, solve problems, and learn new strategies and tactics. Detroit Development Fund is a non profit, community development organization in Detroit, Michigan, providing business loans and technical assistance. 3031 W Grand Blvd Ste 505 Detroit MI 48202-3082, Management Services for Small Business/Entrepreneurs (S43). Some key layers to explore are: To purchase city owned property and /or buildings - select Detroit Land Bank Authority and/or City Owned properties; To understand development opportunities - select Request for Proposals; To understand planning areas in Detroit - Explore Planning and Housing Priority Areas All material is the property of the City of Detroit and may only be used with permission. IV. Try a low commitment monthly plan today. Whether you're a prospective business owner, a banker, entrepreneur or just plain curious, we'll help you get where you need to be. Interested Detroit small businesses can learn more about eligibility by contacting the Detroit Development Fund at 1-313-784-9547 or vholsey@detroitdevelopmentfund.com. Learn More D&B Reports Available for Detroit Development Fund Network Visualizer Advertisements. Valor Military Academy SED focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low- to moderate-income Detroit residents. The CDFI community has moved to the front of the house in Detroit. The program is aimed at assisting those local businesses that have been most impacted by COVID-19 virus, such as restaurants, coffee houses, retail stores, and service providers. Want to see how you can enhance your nonprofit research and unlock more insights? We strive to be the One Bank people most value and trust. Detroit Development Fund. Shorebank Eneterprise, Detroit promotes the economic development of low- to moderate income residents in the city of Detroit. This grant provides general operating support to Detroit Development Fund (DDF), an important member of the community development ecosystem supporting Detroit's neighborhoods. DETROIT DEVELOPMENT FUND | 39 followers on LinkedIn. Detroit’s Entrepreneurs of Color Fund triples investments, celebrates 2nd anni... Fund for Detroit minority small business owners swells to $18 million, How JPMorgan Chase Is Fueling Detroit’s Revival. This guarantee supported the second-round funding for the Detroit Entrepreneurs of Color Fund. DDF provides loans and technical assistance to small business owners, developers, building owners, contractors, and subcontractors who cannot get all of the capital they need from traditional financing sources. If it is your nonprofit, add a problem overview. Detroit Development Fund is organization and a certified community development financial institution, incorporated in … The Detroit Community Development Mini-Grant Fund Presented in partnership with Community Development Advocates of Detroit (CDAD), with support from J.P. Morgan Chase, this fund is designed to support the crucial work of Detroit community development and neighborhood organizations. What are the organization's current programs, how do they measure success, Click on the link in that email JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with … Click here to resend it.). Detroit Development Fund is a small business bureau based in Detroit, MI that was founded in 1996. Need the ability to download nonprofit data and more advanced search options? The Detroit Regional Workforce Fund envisions a healthy community that creates the conditions for financial stability of all residents and the economic vitality of businesses in Detroit and southeast Michigan. Check out what Detroit Development Fund will be attending at Detroit Startup Week 2017 (Rolling Program Additions) See what Detroit Development Fund will be attending and learn more about the event taking place May 19 - 26, 2017 in Detroit, MI, United States. Develop Detroit - Director, Fund Development Position Overview Develop Detroit (DDI) is a dynamic nonprofit real estate and housing developer working at scale to address the challenges around affordable housing, neighborhood stability and access to jobs. The Detroit Development Fund is a small business lender, giving grants in the form of a loan. Key to this vision is a competitive core city workforce that connects to and propels economic growth in the region and state. Detroit Driven; Detroit Innovation; Early Education Matters; Equitable Development; Good Food; Michigan Nightlight; Nonprofit Journal Project; On the Ground; Parnters in the Arts; Powering the Mitten; Resilient Neighborhoods; State of Health; STEM Hub; Stories of Change; Voices of Youth Detroit Development Fund, a community development finance institution based in Detroit, received approval of a $1 million loan from MSF to make micro and small business loans ranging from $5,000 to $250,000 to small businesses in Detroit, Highland Park, and Hamtramck, with emphasis on businesses located in economically disadvantaged areas. They provide term loans and lines of credit for small business owners, among other loans. DDF anticipates it will provide loans to businesses that require patient, flexible working capital to re-open or re-establish operations following the relaxation of the stay-at-home orders, mandated closures, and other public health restrictions. about GuideStar Pro. 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